He had to know owning Midland would cost him a lot of money and not yield instant results, so why did he sell the team after only two seasons?
2006-09-25 18:12:05 · 3 answers · asked by michinoku2001 7 in Sports ➔ Auto Racing
I don't think he lost interest in F1, I think his interest in $100m was stronger!
I can't blame him, it didn't turn out quite as he'd expected, so he got out. Hopefully Spyker can make something of the old Jordan team.
2006-09-25 23:17:07 · answer #1 · answered by Leo 4 · 1⤊ 0⤋
Alex Shneider didn't lose interest in F1... its just that the strategy that he had wasn't the best. For example, not only did he start by buying a lousy F1 team such as Jordan, that was behind in aerodynamic development and was not competitive with the crummy ford engines that they had. He also made a lot of mistakes by changing Friday drivers through out the season, that puts the team out of balance and makes them lose certain progress and costs them money. Furthermore, owning a privateer team is not easy. You have to rely heavily on sponsors and since his team wasn't giving the results do to a lack of competitivity in the cars and low level drivers, finding sponsors tends to get really hard, even for an F1 team. So, lets just say that he made a bad business decison and decided to amend it however he could as fast as he could.
2006-09-27 19:15:59 · answer #2 · answered by ChAr-LeE 2 · 0⤊ 0⤋
He's a businessman and he's probably turned a quick profit by selling the team. Also, a good businessman doesn't spend his own money and he wasn't successful in attracting the expected sponsorship money from his native Russia.
2006-09-25 18:27:51 · answer #3 · answered by Gregnir 6 · 0⤊ 0⤋